Is It Too Late to Buy Aptos? APT Price Turns Green As This Latest Meme Coin Prepares for Exchange Listing
Aptos is currently capturing investor interest following the first day of the Aptos Ecosystem Summit, which revealed major updates for the project.
Aptos Labs CEO Mo Shaikh highlighted the industry’s shift from skepticism to embracing Web3 technologies and L1 blockchains, with Aptos at the front. Aptos has been praised for its rapid growth within the Move ecosystem, a factor that could influence its market position.
3 takeaways you need to know from #AptosSummit Day 1 Keynote with @AptosLabs CEO @moshaikhs
tl;dr: Aptos is pushing the boundaries of what's possible — and we're just getting started.
On the industry:
Not too long ago, our industry was dismissed as a fleeting trend. Now, we’re… pic.twitter.com/ppZgk5YIa1
— Aptos (@Aptos_Network) January 23, 2024
The market paints a mixed picture, however. Last week, Aptos displayed a concerning double-top pattern, often seen as a bearish indicator. Despite this, the announcement from the Summit seems to have sparked a recovery. The Aptos price surged 17.77% to a high of $8.821, diverging from the broader market trends, which saw Bitcoin retrace to the $38,800 range. Currently, Aptos is trading at $8.514.
The 20-day Exponential Moving Average (EMA) for Aptos is positioned at $8.912, slightly above the 50-day EMA of $8.730, and significantly above the 100-day EMA of $8.142. This EMA alignment typically indicates a bullish sentiment, suggesting that the Aptos price might continue to see an upward trend.
It’s important to consider the 17.77% jump to an intraday high, as this sudden surge could lead to a temporary overbought scenario.
The Moving Average Convergence Divergence (MACD) for Aptos currently stands at -0.148, a slight decrease from the previous day’s -0.142. Although the MACD
Read more on cryptonews.com
